Against the backdrop of growing artificial intelligence data center workloads, Vistra raises $2.25 billion for the acquisition of Cogentrix.

According to CoinWorld, Vistra has completed a $2.25 billions bond issuance to fund its $4 billions acquisition of Cogentrix Energy, raising approximately $2.225 billions in net proceeds. The issuance includes $1 billions in bonds maturing in 2031 and $1.25 billions in bonds maturing in 2036. The company plans to use these funds to address the growing demand for electricity—particularly from artificial intelligence data centers—by expanding generation capacity and improving grid reliability.